Recurring Deposit

Recurring Deposit Features & Benefits:-

• The Recurring deposit account is an account in the bank where an investor deposits a fixed amount of money every month for a fixed tenure.
• Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate.
• Recurring deposit scheme is meant for investors who want to deposit a fixed amount every month, in order to get a lump sum after some years.